LG Bosses laud Ambode over Construction of 114 Roads

…Say Project Will Boost Grassroots Development

The Conference of Executive Secretaries of Local Government Areas (LGAs) and Local Council Development Areas in Lagos State on Thursday commended the State Governor, Mr. Akinwunmi Ambode for his passion, commitment and sense of dedication to grassroots development, just as it urged Lagosians to support the current administration in its quest to transform the State.

Some members of the Conference, who spoke on the flag off construction of 114 inner roads across the 57 Councils, said the development was an eloquent proof of Governor Ambode’s passion to truly take Lagos to the next level.

According to them, the benefits and gains of the project to the socio-economic lives of the people would be of massive proportion, and as such the Governor deserves commendation be commended and encouraged to continually give his best to the people.

Lagos Set to Complete Ibeju-Epe Expressway

The Lagos State Government is set to complete the abandoned Ibeju-Epe Expressway as part of efforts to prepare Epe Division FOR in the ongoing development in the Lekki Free Trade Zone.

The State Commissioner for Works and Infrastructure, Engr, Ganiyu Johnson stated this recently while speaking at a meeting with stakeholders on the rehabilitation and upgrade of the Lagos and Ayetoro roads, and other roads within the Oloja Estate at Epe.

The Commissioner sought for the cooperation of the residents within the axis, especially property owners for a hitch free completion of the project within stipulated time, stressing that the economic benefit of the project after completion for the community is enormous.

Beginner’s Guide To Buying Investment Property

A new home purchase is one of the biggest investments you will ever make. Anyone even remotely associated with the real estate world has heard this cliché many times before. While it is often overused, there is plenty of truth to support it, and even substantiate it. Having said that, relatively new investors may be hesitant to move forward with a purchase because they are scared, or even lack the knowledge to proceed. However, I can assure you it is worth taking the leap. Done correctly, investing in real estate can lead to a very lucrative career. If you are looking to buy an investment property, here are a few steps you need to get started:

1. Line up Financing: 

The first step that all buyers need to take is to get financing lined up. If you are looking to finance the property through a bank or mortgage broker, you need to get pre-approved. This is done by reviewing your credit score, income and down payment. Investment

Do you Know you Can Make Money by Flipping Properties you don't Own?

Yes you might think this is too good to be true but it is true. All you need is
control, you get the house on contract by paying the reservation and instalment fees
and you sell it for a higher amount when the property prices go up or after
completion.

The strategy works in any part of the world and it used by savvy investors all over the
world.  That is why smart investor love off plan sales it is one of the fastest way to
increase your capital and wealth.

Firm Plans 18-Storey Wooden Residential Tower in Vancouver

The proposed Tall Wood Building

CANADA’S Acton Ostry Architects, in collaboration with tall wood advisor Architekten Hermann Kaufmann, has begun construction on the appropriately named “Tall Wood Building,” an 18-story, 53-meter residential tower for Canada’s University of British Columbia (UBC) upper year and graduate students.

The tower will be the world’s tallest wooden residential tower, but may not hold that title for long: MGA’s 35-story Baobab in Paris is still awaiting approval, according to Architect’s newspapers..

The building will house approximately 400 students and include 33 four-bed units and 272 studio apartments. The ground floor of the tower will feature both study and social areas, and the communal student lounge will be located on the top floor. The cost for students to live in this building will be similar to other on-campus living options.

Located on Walter Gage Road north of the North Parkade, the CAD$51.5 million (USD$37 million), mass timber superstructure will sit upon a solid concrete base. The building’s façade will be comprised of both white- and charcoal-colored prefabricated metal panels.

Basic Things to Know Before Purchasing a Property in Lagos

Trusted Property Lawyer in Nigeria (Barr Adebayo Emmanuel)

 I get contacted on a daily basis from clients with interest to purchase properties and asking me to provide them with the details of a property that I could recommend to the to actually acquire for themselves, with no form of encumbrance or "omonile" issues. We mostly ignore or forget that the cost implication of buying a property in Lagos is of utmost importance. Many a people feel a fixed amount of money in their respective bank accounts will be enough to cover for all the expenses to be incurred during the purchase of a property and the remaining issues becomes history.
Unfortunately, we are wrong in that school of thought. Skill, smartness, financial acumen and most importantly prayers are required attributes that is required to be implemented in acquiring a property in Lagos. Lack and inadequate budgeting and planning has led to most of the abandoned properties scattered all across Lagos and this has led to why many "Omoniles" have seized the opportunity to resell other peoples properties and now I want you to learn from the experiences I have aquired over the years on how to properly budget and plan yourselves before we venture into the process of purchasing a property.

1. Don't ever purchase a Property based on Emotional Feelings :
Never purchase a property based on the fact that a member of your family, colleague or friends just bought a property and due to the fact that you know you have the money to make same purchase, you simply decided to use your hard earned money to to buy same property without any cause to do so, you will most likely end up into later problems and will be left with no further choice then, than to resell the property unceremoniously. You had no genuine idea why your neighbour purchased that property at that very moment and what their likely account balance compared to your own account, nor do you know their intention in respect of their plans with the property. Joining the bandwagon without a personal plan of your hold is risky in this case. Ensure you purchase a property based on a genuine reason to acquire same and not on sentiments or emotional purchase.

HOW TO MAKE ₦10,000,000 IN REAL ESTATE INVESTMENT IN LAGOS NIGERIA

If there is any business in Nigeria that is truly lucrative to the highest profitability, it has to be Real Estate investments. Most of the top billionaire in Nigeria are real estate investors. It is a money spinner of the highest order. Real Estate is currently booming in Nigeria and people are making millions in it. I want us to take a closer look at the business and see how anyone may invest in this sector of the economy irrespective of how much you have.
One thing extremely good about real estate business is that the investment opportunities are so diverse that there seem to be something for everyone. Anyone who wish to invest can invest whether he has thousands or billions of naira, you can even invest without a dime in your pocket. So, let's see how it works.

I am going to highlight some of the best investment opportunities in the industry. But before that, let's look at the profit. I bought a plot of land in Ikorodu area of Lagos State in 2011 where I've wanted to develop something special, I paid ₦500,000 for it.
This year, I changed my mind and decided to sell it, when I asked the estate agents how much the property is going for in that area now, they told me the current price is two million naira and that my own which is very close to the main road will go for between 2.5 to 3 million naira. i was amazed If I had bought like five plots then, I will be making ₦10,000,000 by now!
Just like that, 2 million to 2.5 million gain in less than two years for a green horn like me who is not in anyway into real estate investment. Then imagine what the pros who knows the in and outs in the business will be making. I know a petty medicine seller who is now a multi millionaire through estate investment he started almost with no money, few years ago.
I also know how some of the millionaires in the industry started. Some of them started as small real estate agents in a kiosk, but today, they control some of the finest estates in Lagos, Abuja and other major cities in Nigeria.

How to Achieve Success as a “Newbie” Real Estate Investor

This article shares useful tips on what to do to succeed as a real estate investor who is looking to forge a path for himself in real estate business.

The essence of success is achieving a long period of prosperity through your actions. For a newbie real estate investor in the real estate investment property market, that kind of success can be fostered through committing some habits to your investment routine, using them to continually work towards new opportunities and new investments. By internalizing a few of the following techniques as habits, a real estate investor can become more successful in his/her real estate transactions, giving you an edge on the competition (of which there is much in the real estate investment market).

Let People Know You For What You Do
As with most areas of business, getting your name out into the community is a great first step towards developing a network of people that will help you along your path to investment success. Let people know that you are a real estate investor looking for investment opportunities. Give people you know business cards and ask them to keep their eyes and ears alert for possible properties. Enlisting those you know and developing a strong network will give you an information pipeline that is unique to you, one that possibly could turn up opportunities others miss. Make it clear that you are available to talk about any opportunity and sometimes they will come to you rather than go out to the public.

Open Your Mind To Risks And Profits
A real estate investor should think actively about risk and profit. This may seem like obvious things to think about, but often times investors get caught up in the short-term ramifications of a property and neglect to think about the long term profitability of a property. Conversely, some real estate investors think only about the potential profit of a property and neglect to consider the risk needed to attain that high level of profit.